XRP October 20, 2021 - Our Final Thoughts
We will continue to post what we *think* is happening, and will happen. But here you go. Reputation on the line, this is what we are predicting will occur, presented in a series of steps with dates and prices:
1. BTC will reach out to its 4.236 Fibonacci Extension and reach a peak value somewhere between 74k and 85k. The 85k (high end) represents a 1.618 extension off of the recent 65k high and 29k lows. We think it is more likely the final high is closer to 74k than 85k. Regardless, and more importantly, this will occur on October 25-26. At this time, we anticipate a value of XRP between $1.23 and $1.34, with the higher end value more likely, but anywhere in that range would be okay.
2. BTC will reverse course and head lower. We are not concerned with how low it will fall, nor do we care to speculate. During this time, the Altcoin market generally and XRP will fall. We expect the fall to end on November 3-4. We expect XRP's value to target a low of $0.88-$0.91, but we would not be surprised if the fall was not as significant. We do expect it to go below $1.00. We believe this is the final shakeout.
3. The market will reverse course again and stabilize over the next few days. We expect this stabilization to occur from the low (November 3-4) until November 7-8. Price action may be volatile but we are looking for XRP to settle at around $1.12-$1.14. We expect during this time that BTC will be heading back higher, but will not exceed its previous ATH made October 25-26 of 74k-85k.
4. On November 7-8, we expect XRP (and other altcoins) to enter launch into orbit. We expect that XRP will do this from a price of $1.12-1.14. We do not expect BTC to set a new ATH during this time.
5. We expect XRP to complete it's full 4.236 fibonacci extension, and make a new all time high on or around December 11, 2021, with a price between $13-$18.
The only disclaimer for this post is that we acknowledge reasonable cases can be made for XRP to make a higher high, most commonly seen at $22-$25. If that happens, great, we aren't chasing it though and we aren't outright predicting it. We just predict a minimum high of $13-$18.
Good luck!!
1. BTC will reach out to its 4.236 Fibonacci Extension and reach a peak value somewhere between 74k and 85k. The 85k (high end) represents a 1.618 extension off of the recent 65k high and 29k lows. We think it is more likely the final high is closer to 74k than 85k. Regardless, and more importantly, this will occur on October 25-26. At this time, we anticipate a value of XRP between $1.23 and $1.34, with the higher end value more likely, but anywhere in that range would be okay.
2. BTC will reverse course and head lower. We are not concerned with how low it will fall, nor do we care to speculate. During this time, the Altcoin market generally and XRP will fall. We expect the fall to end on November 3-4. We expect XRP's value to target a low of $0.88-$0.91, but we would not be surprised if the fall was not as significant. We do expect it to go below $1.00. We believe this is the final shakeout.
3. The market will reverse course again and stabilize over the next few days. We expect this stabilization to occur from the low (November 3-4) until November 7-8. Price action may be volatile but we are looking for XRP to settle at around $1.12-$1.14. We expect during this time that BTC will be heading back higher, but will not exceed its previous ATH made October 25-26 of 74k-85k.
4. On November 7-8, we expect XRP (and other altcoins) to enter launch into orbit. We expect that XRP will do this from a price of $1.12-1.14. We do not expect BTC to set a new ATH during this time.
5. We expect XRP to complete it's full 4.236 fibonacci extension, and make a new all time high on or around December 11, 2021, with a price between $13-$18.
The only disclaimer for this post is that we acknowledge reasonable cases can be made for XRP to make a higher high, most commonly seen at $22-$25. If that happens, great, we aren't chasing it though and we aren't outright predicting it. We just predict a minimum high of $13-$18.
Good luck!!
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